Q: I've owned EAGR for about a year and a half and I'm currently down more than 50%.
The stock price has been treading water under $1 for quite some time now.
How's the company doing and are there any catalysts that could lead to a rally?
Time to move on?
Thanks, Rick
The stock price has been treading water under $1 for quite some time now.
How's the company doing and are there any catalysts that could lead to a rally?
Time to move on?
Thanks, Rick
5i Research Answer:
The stock is up 20% this year, but it is hard for a $46M company to attract attention. It has some cash and growing sales, and is expected to become profitable this year. Cash flow is already positive. The last quarter was decent and it has a stock buyback in place. The financial info though is dated (Sept 30) so we need to see year end numbers here. Insiders own 54% which makes trading very thin. A rally is going to be based on results. IF it can move to profitability and meet its earnings growth targets, it should move. But overall this needs to be considered very high risk.